Lead Reclaim and Rubber Products IPO GMP, Price, Dates & Allotment Details 2023
Lead Reclaim and Rubber Products IPO will open on February 9 and close on February 13, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 4.88 crore through this public offering, consisting of 1,950,000 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 25 per share.
The company, which was incorporated in 2012, produces recovered rubber, crumb rubber powder, and rubber granules. Its product portfolio offers a diversified range of products that include a variety of grades, thicknesses, widths, and standards for various grades of whole-tyre reclaimed rubber, butyl reclaimed rubber, and natural reclaimed rubber.
The company focuses on
- Recycling conserves important natural resources, and
- Helping customers fulfill their circularity aspirations through the use of rubber products
Objects of the Issue
The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:
- Funding our working capital requirements;
- Purchase of plant and machinery for augmenting our Manufacturing Facility; and
- General corporate purposes
Financial Highlights (Consolidated)
| Particulars | Period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 555.63 | 289.57 | 40.20 | 17.47 |
| Total Assets | 994.65 | 704.32 | 594.88 | 532.45 |
| Total Borrowing | 271.38 | 269.30 | 394.67 | 377.25 |
| Total Revenue | 498.99 | 1036.93 | 706.26 | 483.67 |
| Profit After Tax | 35.55 | 47.87 | 27.74 | 36.36 |
Lead Reclaim and Rubber Products IPO – Details
According to the DRHP filed with SEBI, the company plans to issue 1,950,000 shares of face value of ₹ 10 each, aggregating up to ₹ 4.88 crore.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 25 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 6,000 shares |
| Issue Size | 1,950,000 shares of ₹ 10 (Aggregating up to ₹ 4.88 Crore) |
| Fresh Issue | 1,950,000 shares of ₹ 10 (Aggregating up to ₹ 4.88 Crore) |
| Listing At | NSE SME |
| Promoters | Mr. Baldevbhai Patel, Jayeshkumar Patel, Kalpesh Patel, Rekhaben Patel, Sadhana Patel, and Diksha Patel |
GMP – Lead Reclaim and Rubber Products IPO
Lead Reclaim and Rubber Products IPO GMP, or Grey Market Premium, are available here. The IPO GMP Premium updated day by day for IPOs’ running periods, and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates
Lead Reclaim and Rubber Products IPO opens on February 9 and closes on February 13, 2023.
| Opening Date | February 9, 2023 |
| Closing Date | February 13, 2023 |
| Basis of Allotment | February 16, 2023 |
| Initiation of Refunds | February 17, 2023 |
| Credit of shares to Demat A/c | February 20, 2023 |
| Listing Date | February 21, 2023 |
Lot Size – Lead Reclaim and Rubber Products IPO
The lot size of the Lead Reclaim and Rubber Products IPO is 6,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 6,000 shares of ₹ 150,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 6,000 | ₹ 150,000 |
| Retail (Maximum) | 1 | 6,000 | ₹ 150,000 |
| HNI (Minimum) | 2 | 12,000 | ₹ 300,000 |
Promoters Holdings
| Pre-issue Shares Holdings | 86.48% |
| Post-issue Shares Holdings | – |
SWOT Analysis – Lead Reclaim and Rubber Products IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. In-house manufacturing facility supported by technology driven process. 2. Diversified customer base and long-standing relationship with customers. 3. Experienced Promoter Directors with extensive domain knowledge. 4. Locational advantage. 5. A Strict quality control mechanism ensures standardized product quality. | 1. The company’s top 10 customers contribute more than 90% of revenues. Any loss of business from one or more of them may adversely affect our revenues and profitability. |
| OPPORTUNITIES | THREATS |
| 1. Increasing capability to manufacture reclaimed rubber from radial and tubeless tyre. 2. Augmenting growth in domestic and international markets. | 1. Changes in technologies. 2. Change in Government Policies. |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Lead Reclaim and Rubber Products Limited A/8, Sunvilla Complex, Near Chinese Hut Hotel, Dahej, Bypass Road, Bharuch-392001 Phone: +91 73590 10333 Email: info@leadrubber.com Website: http://www.leadreclaim.com/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
| IPO Lead Manager(s) | Fedex Securities Limited |
FAQ’s
The Lead Reclaim and Rubber Products IPO price is ₹ 25 per share
One lot of Lead Reclaim and Rubber Products IPO contains 6,000 shares of ₹ 150,000.
The minimum investment size is one lot for retail investors.
The finalisation of the basis of allotment for the Lead Reclaim and Rubber Products IPO will be done on February 16, 2023, and the allotted shares will be credited to your demat account by February 20, 2023. Check the Lead Reclaim and Rubber Products IPO allotment status.
The Lead Reclaim and Rubber Products IPO shares listing date is February 21, 2023.
